Bounces off 14-month low but stays on the bear’s radar below 0.9200
USD/CHF consolidates recent losses around the lowest levels since November 2021. A two-month-old bearish channel, downbeat oscillators keep sellers hopeful. Bear cross, clear downside break of key ascending trend line adds strength to the bearish bias. Recovery remains elusive unless the quote stays below 200-DMA. USD/CHF picks up bids to lick its wounds around the […]
Double tops around 1.2250 tease Cable sellers ahead of key UK data
GBP/USD retreats from intraday high to pare the biggest weekly gain since late November. RSI pullback from nearly overbought conditions adds strength to the pullback moves. 200-SMA, weekly support line appears crucial challenge for bears. UK monthly GDP, output and trade numbers for November will be crucial to watch. GBP/USD prints mild losses around 1.2200 […]
Dribbles inside weekly triangle below 0.6400
NZD/USD remains sidelined inside a short-term symmetrical triangle formation. Sustained trading beyond the key HMAs, steady RSI favor buyers. Sellers need to break 0.6190 to dominate further. NZD/USD makes rounds to 0.6370-75 during early Wednesday, after snapping a two-day uptrend near a monthly top the previous day. In doing so, the Kiwi pair remains inside […]
Further downside hinges on 131.30 break
USD/JPY remains pressured for third consecutive day as sellers poke one-week-old support line. Bearish MACD signals, downbeat RSI signal further south-run. Any recovery remains elusive below 135.00 resistance confluence. USD/JPY holds lower ground near the intraday bottom surrounding 131.30 as bears flirt with the short-term key support during early Tuesday. In doing so, the Yen […]